Callodine Capital Management LP's Q3 2024 13F: 9 new positions, 9 exits
Form 13F-HR for the quarter ended Sep 30, 2024 · filed Nov 13, 2024 · 42 reported positions · accession 0001085146-24-005620
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | M & T BK CORP (MTB) | — | 3.0% | +3.0 pts | +80,000 sh | new |
| Exited | NATIONAL STORAGE AFFILIATES (NSA) | 2.5% | — | −2.5 pts | −260K sh | −100% |
| Exited | GOLDMAN SACHS BDC INC (GSBD) | 2.5% | — | −2.5 pts | −700K sh | −100% |
| Exited | SHELL PLC (SHEL) | 2.3% | — | −2.3 pts | −138K sh | −100% |
| Exited | ATLANTICA SUSTAINABLE INFR P (AY) | 2.2% | — | −2.2 pts | −429K sh | −100% |
| Increased | SPECTRUM BRANDS HLDGS INC NE (SPB) | 6.1% | 8.1% | +2.0 pts | +105K sh | +35% |
| Increased | BAXTER INTL INC (BAX) | 4.3% | 5.8% | +1.5 pts | +178K sh | +32% |
| Reduced | SS&C TECHNOLOGIES HLDGS INC (SSNC) | 3.2% | 2.1% | −1.2 pts | −88,107 sh | −40% |
| New | TXNM ENERGY INC (PNM) | — | 1.4% | +1.4 pts | +149K sh | new |
| Increased | WALGREENS BOOTS ALLIANCE INC (WBA) | 0.3% | 1.6% | +1.3 pts | +725K sh | +725% |
| Exited | KKR & CO INC (KKR) | 1.2% | — | −1.2 pts | −50,000 sh | −100% |
| Exited | EMBRAER S.A. (EMBJ) | 1.2% | — | −1.2 pts | −200K sh | −100% |
| Increased | ALGONQUIN PWR UTILS CORP (AQN) | 1.4% | 2.3% | +0.8 pts | +950K sh | +90% |
| Increased | GOLUB CAP BDC INC (GBDC) | 0.8% | 1.8% | +0.9 pts | +328K sh | +146% |
| Increased | CHIMERA INVT CORP (CIM) | 0.3% | 1.4% | +1.1 pts | +310K sh | +310% |
| Reduced | ALTRIA GROUP INC (MO) | 2.5% | 1.5% | −1.0 pts | −95,925 sh | −41% |
| Increased | BLUE OWL CAPITAL INC (OWL) | 5.4% | 6.2% | +0.8 pts | +225K sh | +17% |
| New | TWO HBRS INVT CORP (TWO) | — | 0.9% | +0.9 pts | +300K sh | new |
| Reduced | BARINGS BDC INC (BBDC) | 2.2% | 1.1% | −1.1 pts | −423K sh | −43% |
| Reduced | DOUGLAS EMMETT INC (DEI) | 3.5% | 3.2% | −0.2 pts | −233K sh | −21% |
| Exited | TECK RESOURCES LTD (TECK) | 0.8% | — | −0.8 pts | −75,000 sh | −100% |
| Increased | ALLIANCEBERNSTEIN HLDG L P (AB) | 2.8% | 3.4% | +0.6 pts | +110K sh | +31% |
| Exited | GAMING & LEISURE PPTYS INC (GLPI) | 0.7% | — | −0.7 pts | −70,000 sh | −100% |
| Increased | SIXTH STREET SPECIALTY LENDI (TSLX) | 4.7% | 4.7% | +0.1 pts | +171K sh | +18% |
| New | UNITED PARCEL SERVICE INC (UPS) | — | 0.6% | +0.6 pts | +22,500 sh | new |
| Increased | WOLVERINE WORLD WIDE INC (WWW) | 6.8% | 8.5% | +1.7 pts | +173K sh | +8% |
| Increased | GSK PLC (GSK) | 4.9% | 5.2% | +0.3 pts | +65,000 sh | +12% |
| Increased | GENESIS ENERGY L P (GEL) | 0.3% | 0.7% | +0.5 pts | +175K sh | +233% |
| New | AFFILIATED MANAGERS GROUP IN (AMG) | — | 0.5% | +0.5 pts | +12,500 sh | new |
| Reduced | UGI CORP NEW (UGI) | 2.0% | 1.5% | −0.4 pts | −71,015 sh | −19% |
| Reduced | DUN & BRADSTREET HLDGS INC (DNB) | 2.2% | 2.0% | −0.1 pts | −154K sh | −15% |
| New | GCM GROSVENOR INC (GCMG) | — | 0.4% | +0.4 pts | +150K sh | new |
| Increased | VIATRIS INC (VTRS) | 6.3% | 6.6% | +0.2 pts | +145K sh | +6% |
| Increased | JACK IN THE BOX INC (JACK) | 3.4% | 3.1% | −0.3 pts | +33,497 sh | +12% |
| Increased | KAYNE ANDERSON BDC INC (KBDC) | 0.9% | 1.2% | +0.2 pts | +90,478 sh | +36% |
| New | BAIN CAP SPECIALTY FIN INC (BCSF) | — | 0.3% | +0.3 pts | +75,826 sh | new |
| Reduced | APOLLO GLOBAL MGMT INC (APO) | 2.1% | 1.7% | −0.4 pts | −10,000 sh | −13% |
| New | MIDCAP FINANCIAL INVSTMNT CO (MFIC) | — | 0.3% | +0.3 pts | +93,112 sh | new |
| Increased | RAYMOND JAMES FINL INC (RJF) | 1.2% | 1.3% | +0.1 pts | +10,000 sh | +25% |
| Increased | ARES CAPITAL CORP (ARCC) | 1.0% | 1.1% | +0.1 pts | +50,000 sh | +25% |
| Reduced | ENERGY TRANSFER L P (ET) | 2.6% | 2.1% | −0.5 pts | −65,000 sh | −9% |
| Increased | SPIRE INC (SR) | 0.5% | 0.7% | +0.2 pts | +13,237 sh | +36% |
| Increased | NUVEEN CHURCHILL DIRECT LEND (NCDL) | 1.2% | 1.3% | +0.1 pts | +50,389 sh | +17% |
| Reduced | SANOFI (SNY) | 4.3% | 4.4% | +0.1 pts | −15,000 sh | −4% |
| Increased | PERDOCEO ED CORP (PRDO) | 2.2% | 2.2% | 0.0 pts | +33,709 sh | +8% |
| Reduced | CION INVT CORP (CION) | 1.9% | 1.6% | −0.4 pts | −49,820 sh | −7% |
| Increased | HUMANA INC (HUM) | 1.3% | 1.1% | −0.2 pts | +1,670 sh | +12% |
| New | ARRAY TECHNOLOGIES INC (ARRY) | — | 0.1% | +0.1 pts | +75,000 sh | new |
| Increased | FS KKR CAP CORP (FSK) | 2.1% | 2.0% | −0.1 pts | +24,209 sh | +5% |
| Reduced | BLACKSTONE SECD LENDING FD (BXSL) | 1.7% | 1.4% | −0.3 pts | −15,000 sh | −6% |
The 50 largest of 51 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 56.1% of the equity book
Changes in the top 10 this quarter: AB entered · JACK left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | WOLVERINE WORLD WIDE INC (WWW) | 6.8% | 8.5% | |
| 2 | SPECTRUM BRANDS HLDGS INC NE (SPB) | 6.1% | 8.1% | |
| 3 | VIATRIS INC (VTRS) | 6.3% | 6.6% | |
| 4 | BLUE OWL CAPITAL INC (OWL) | 5.4% | 6.2% | |
| 5 | BAXTER INTL INC (BAX) | 4.3% | 5.8% | |
| 6 | GSK PLC (GSK) | 4.9% | 5.2% | |
| 7 | SIXTH STREET SPECIALTY LENDI (TSLX) | 4.7% | 4.7% | |
| 8 | SANOFI (SNY) | 4.3% | 4.4% | |
| 9 | ALLIANCEBERNSTEIN HLDG L P (AB) | 2.8% | 3.4% | Entered the top 10 |
| 10 | DOUGLAS EMMETT INC (DEI) | 3.5% | 3.2% | |
| — | JACK IN THE BOX INC (JACK) | 3.4% | 3.1% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).